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Property profile & analytics
OFF-MARKET
Estimated value
$16,085,000
Manufacturing properties
21 Parker Dr, Avon, MA 02322-1164
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0689275
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
89,587 SF
Lot
10.45 ac (455,202 SF)
APN
AVON M: 0B7 B:003 L:002
UPID
US38-0689275
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Parker Property Management Property Management Company
-
CMSC Parker Professional Driving School Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.70M
CAP Approach
CAP
$14.66M
Comparable Approach
Comparable
$16.05M
Blend (final)
Blend
$16.09M
Owner & transaction history
Avon Parker Drive LLC · 1 yrs held
Avon Parker Drive LLC
since 2024
Last sale
$18.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$26.3M
+78.9%
Retail stores
$26.2M
+78.6%
Apartment house (5+ units)
$25.7M
+75.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Avon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$16,110,000
ML approach
$12,695,000
CAP Approach
CAP Return
Estimation
6%
$15,880,000
6.5%
$14,660,000
7%
$13,615,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$14,690,000
Current use
OFFICE BUILDING
$26,280,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$26,230,000
Change: +79% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$25,735,000
Change: +75% · Conversion: Difficult
COMMERCIAL (GENERAL)
$22,930,000
Change: +56% · Conversion: Difficult
WAREHOUSE, STORAGE
$15,485,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$16.09M
Range $14.48M – $17.69M · ±10% · vs last sale $18.50M (Aug 27 2024)
Last sale anchor
$18.50M
Aug 27 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$180 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$168,543
Tax year 2024
Assessed value
$6,054,000
Assessed 2024
Previous assessed
$6,054,000
+0.0% YoY
Effective rate
2.78%
On assessed value
Assessed land
$2,034,300
Assessed improvement
$4,019,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
RADIANT
Buildings
1
Stories
1
Units
2
Total area
89,587 SF
Lot
10.45 ac (455,202 SF)
APN
AVON M: 0B7 B:003 L:002
UPID
US38-0689275
Jurisdiction
AVON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$14.7M
OFFICE BUILDING
Est. value
$26.3M
RETAIL STORES
Est. value
$26.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$25.7M
COMMERCIAL (GENERAL)
Est. value
$22.9M
WAREHOUSE, STORAGE
Est. value
$15.5M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
RADIANT
Stories
1
Buildings
1
Units
2
Lot
10.45 ac
Current owner
From public records · entity-resolved
Avon Parker Drive LLC
Entity
Mailing address
303 CONGRESS ST, BOSTON, MA 02210-1012
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2024
$18,500,000
Avon Parker Drive LLC
Atlantic Oliver II 21 Pke
Deed
$13,885,000 · Provident Bank
Aug 19, 2021
$11,950,000
Atlantic Oliver 2 21 Pker
21 Parker Drive LLC
Quit Claim Arm's Length For Ne States
$8,710,000 · Brookline Bank
Apr 4, 2019
—
21 Parker Drive LLC
—
Deed
related
$1,500,000 · Rockland Tr
Jul 16, 2018
—
21 Parker Drive LLC
—
Deed
related
$665,150 · Rockland Tr
Nov 29, 2016
—
21 Parker Drive LLC
—
Deed
related
$2,200,000 · Rockland Tr
Dec 23, 2010
—
21 Parker Drive LLC
—
Deed Of Trust
related
$2,250,000 · Rockland Trust Co
Jul 19, 2001
—
Parker Dr LLC
—
Deed Of Trust
related
$1,500,000 · Rockland Trust Co
Mar 8, 1996
—
Theodore E Parker JR.
—
Deed Of Trust
related
$2,000,000 · Rockland Trust Co
Oct 26, 1995
—
Theodore E Parker JR.
—
Deed Of Trust
related
$418,600 · Peoples Bank Holyoke
Sep 1, 1994
—
Theodore E Parker JR.
—
Deed Of Trust
related
$740,000 · Rockland Trust Co
Aug 23, 1989
$300,000
Theodore Parker
Avon Hts Corp
Grant Deed
—
—
—
21 Parker Drive LLC
—
Deed Of Trust
related
$1,500,000 · Rockland Tr
—
—
21 Parker Drive LLC
—
Deed Of Trust
related
$2,200,000 · Rockland Tr
—
—
21 Parker Drive LLC
—
Deed Of Trust
related
$665,150 · Rockland Tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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